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Counter proposal from someone who is starting a business around GPT-3 (http://serendipityrecs.com/ http://serendipityrecs.com/): - If your whole app is a wrapp
by serendipityrecs 6y ago
Counter proposal from someone who is starting a business around GPT-3 (http://serendipityrecs.com/ http://serendipityrecs.com/):
- If your whole app is a wrapper around the GPT-3 API then yes, you don't have much of a moat. But GPT-3 isn't some kind of perfect oracle, so you have lots of engineering challenges in the not-GPT-3 parts of your system where you can build your moat.
- GPT-4 does not render your current efforts moot. It takes time to build business/technical expertise in a domain. That's like saying it was pointless to build a web company in the 90s because web technologies/computing power was increasing so fast. You work with the technology you have, and then when it's time you upgrade.
- I disagree with the idea that you'll have hundreds of competitors. We're just starting to figure out what we can do with this technology. The space is wide open for someone to figure out a novel application.
AI dungeon was mentioned in another comment and serves as a good counter example. Where are all the AI dungeon competitors? How easy would it be to build a competing product to AI dungeon if you wanted to? And AI dungeon started with GPT-2, but incorporated GPT-3 into their product when it came out.
To summarize, starting a business around GPT-3 is a great idea. Stay realistic, be cognizant of GPT-3's limitations, but do realize that there is a genuine opportunity here.
- soperj 6y agoHow did you get access to gpt-3? What if you don't for gpt-4?
- byefruit 6y agoCase in point: your business currently returns "Something went wrong: 'GPT3 API is currently overloaded, please try again momentarily.'".. Do you have control over that?
- woah 6y agoAI Dungeon is very cool, but it's not clear that it has had enough success to inspire any competitors, so I don't think it's a very good counter example.
- allencheng 6y agoAgree - if it becomes known AI Dungeon 3 makes $500,000 in profit a year, expect plenty of competitors to pop up and conduct a pricing war down to the bottom.
- aabhay 6y agoAnd guess how much of that goes to Nvidia/cloud? (hint, more than all of it)
- kybernetikos 6y agoThere may be a lot of room for first-mover type projects. There probably isn't room in the market for a lot of aidungeons, and in that case, having the first well known GPT-for-X could be very valuable. Having said that, I am also in the nervous-of-building-a-business-around-someone-elses-api camp. It's just that sometimes things don't work out in the straight-forward way described - the fact that anyone could make a 1 million dollar homepage or a facebook clone (or my personal bugbear, ebay) very cheaply doesn't necessarily cause much competition for the first one that got popular.